SKK Holdings Limited (NASDAQ:SKK) Sees Significant Growth in Short Interest

SKK Holdings Limited (NASDAQ:SKK) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 39,652 shares, an increase of 183.3% from the April 15th total of 13,998 shares. Based on an average trading volume of 196,075 shares, the short-interest ratio is currently 0.2 days. Currently, 1.6% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of SKK from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SKK Price Performance

Shares of SKK stock traded up $1.38 during midday trading on Friday, hitting $4.77. The company had a trading volume of 7,361,954 shares, compared to its average volume of 1,879,497. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day simple moving average of $2.81 and a 200 day simple moving average of $3.03. SKK has a 12-month low of $1.61 and a 12-month high of $17.95.

SKK (NASDAQ:SKK) last announced its quarterly earnings data on Friday, April 10th. The company reported $0.62 EPS for the quarter.

About SKK

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works. It serves government authorities, utility companies, or contractors.